Saab sells 36 Gripen jets to Brazil

Saab has signed a deal with Brazil to build and send 36 Gripen fighter jets in return for 39.3 billion kronor ($5.5 billion). The Brazilian Federal Government and Saab have…

Saab has signed a deal with Brazil to build and send 36 Gripen fighter jets in return for 39.3 billion kronor ($5.5 billion).

The Brazilian Federal Government and Saab have been negotiating on the deal since December last year, officially signing the contract on Monday.The Brazilian Federal Government and Saab have been negotiating on the deal since December last year, officially signing the contract on Monday.

The deal comes with a technology transfer to Brazilian industry to be performed over a ten-year period.

“We are proud to stand side-by-side with Brazil in this important programme. There is already a long and successful history of industrial co-operation between our two countries, and this historic agreement takes that partnership to a new level,” Marcus Wallenberg, Chairman of Saab’s Board of Directors, said in a statement.

The CEO of Saab, Håkan Buskhe, said the new contract validates Gripen as “the most capable and modern fighter system on the market”.

“It solidifies Saab’s position as a world-leading fighter aircraft producer and strengthens our platform for growth,” he added.

The aircraft will be delivered between 2019 and 2024.

Saab sells 36 Gripen jets to Brazil was last modified: October 28th, 2014 by Goran Aničić